GM, South Korea to invest $4.35 billion in troubled unit

General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection.

UPDATED: 4/26/18 9:10 am ET - adds details
GM Q1 operating profit falls 27% on lower pickup output; net falls 59%

GM's net income and operating profit fell sharply in the first quarter due to planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.

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7 Northeast states team up to boost demand for ZEVs

Seven Northeast states agreed to help automakers boost consumer demand for electric vehicles, which has remained at ultra-low levels in the region despite government-mandated sales quotas designed to improve air quality.

China draws up plans to promote EV standardization

China said it will work to improve levels of standardization in its electric vehicle industry -- a sector it is aggressively promoting to help combat smog and to position the country as a leading car-making giant in the future.

Tesla suspended Model 3 production in late February

Tesla temporarily suspended production of the Model 3 electric sedan at its lone auto plant for a week in late February, a planned breather that ultimately may help increase output of the closely watched vehicle.


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